Gift Aid is very beneficial to the Serpentine as a charity and allows tax to be reclaimed on your donation. For example, with a donation of £10 to Serpentine Galleries from a UK taxpayer, the Galleries can reclaim an extra £2.50 from the tax authorities.
Your donation is eligible for tax relief under Gift Aid if you pay UK Income Tax or Capital Gains Tax equal to or greater than the tax to be reclaimed on all donations made under Gift Aid. A cash donation, small or large, can qualify for tax relief under Gift Aid as long as the donor is a UK tax payer, pays UK Income Tax and/or Capital Gains Tax at least equal to the tax that we will claim on his/her donation and completes a Gift Aid declaration.
If you pay UK Income Tax at the higher or additional rates, you may be entitled to claim additional tax relief on your donations through your tax returns and so reduce the cost of your donations.
Please notify the Serpentine Trust if you cease paying UK Income or Capital Gains Tax or if there is any change in your private address.